AFRICA

FOLLOW US:

Gates-backed think tank seeks $50 billion for Africa debt plan

A Bill & Melinda Gates Foundation-backed think tank is seeking 50 billion U.S. dollars in backing to help African nations with distressed debt to...

First ship carrying Ukrainian grain leaves Odesa port

The first ship carrying Ukrainian grain has set off from the port of Odesa, Turkey’s Defence Ministry said on Monday. The Sierra Leone-flagged cargo ship,...

Inflation hits record 8.9% in euro area, but economy grows

Inflation in the European countries using the euro currency shot up to another record in July, pushed by higher energy prices fueled by Russia’s military operation in...

Nigeria’s 180,000 barrel-per-day oil pipeline stops flowing due to theft

Nigeria’s economy received a further blow recently as an oil pipeline with the capacity to move 180,000 barrels of crude daily across Nigeria was...

Botswana’s economic output back to pre-pandemic level, IMF says

Botswana is one of the few economies in Sub-Saharan Africa whose output has recovered to its level before the COVID-19 pandemic took hold, the...

Even tech giants finding it hard to escape global economic slowdown

  Growth is sputtering across the technology world, and even usually invincible companies like Apple Inc. and Amazon.com Inc. can’t escape the slowdown. With many of...

Russia, Ukraine sign deals on resuming grain exports

Russia and Ukraine signed separate agreements Friday with Türkiye and the United Nations clearing the way for exporting millions of tons of desperately needed Ukrainian...

Egypt’s economy projected to grow steadily over the next three years

Egypt's economy will grow fairly steadily over the coming three years, with inflation gradually declining from double digits and the pound weakening in the...

Nigeria transforms state-run oil corporation into independent firm

Nigeria has transformed the state-run Nigerian National Petroleum Corporation (NNPC) into an independent and limited liability firm, about 45 years after the creation of...

Codeshare deal between South African Airways, Kenya Airways opens up more...

South African carrier South African Airways (SAA) and Kenya national carrier Kenya Airways (KQ) have signed a codeshare agreement that opens more destinations for...